About Filtration Paper
Filtration, a technique used to separate solids from liquids, is the act of pouring a mixture onto a membrane (filter paper) that allows the passage of liquid (the filtrate) and results in the collection of the solid.
Technavio’s analysts forecast the global filtration paper market to grow at a CAGR of 4.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global filtration paper market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of filter papers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Filtration Paper Market 2017-2021
Technavio recognizes the following companies as the key players in the global filtration paper market: GE Healthcare, Sartorius, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Ahlstrom, Carolina Biological Supply, Eisco Labs, Frymaster, Henny Penny, Labconco, Microclar, Pitco, and Scientific Equipment of Houston.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising investment in R&D. The global filtration paper market is witnessing increased expenditure by vendors on R&D. It is witnessing many innovative applications. In addition, vendors are working to reduce the costs associated with upgrades and maintenance. The rapidly changing technology and consumer preferences are forcing vendors to deliver innovative filtration papers with high-efficiency to survive in the market.”
According to the report, one of the major drivers for this market is growing applications of filtration paper. Though the process of filtration is popular in several end-user industries, the usage of filtration has been on a constant rise; from being used as sample purifier, filtration has become an inevitable part of various industrial and research applications. In the past few years, it is gaining traction in industries like pharmaceuticals, food and beverage, biotechnology, healthcare, and academia.
Further, the report states that one of the major factors hindering the growth of this market is high import duties in developing countries. Almost all major countries in APAC have high import duties for laboratory equipment, particularly China, India, and Bangladesh. Most European and South American countries have high sales taxes, while Asian countries confront significantly higher most-favored nation (MFN) duty rates and other additional charges such as special taxes, landing charges, and countervailing duties. This makes the import of these instruments extremely expensive.
GE Healthcare, Sartorius, Thermo Fisher Scientific, Ahlstrom, Carolina Biological Supply, Eisco Labs, Frymaster, Henny Penny, Labconco, Microclar, Pitco, Scientific Equipment of Houston.
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